Government Spending in Macedonia increased to 27836 MKD Million in the second quarter of 2020 from 26898 MKD Million in the first quarter of 2020.

Government Spending in Macedonia averaged 19958.13 MKD Million from 2003 until 2020, reaching an all time high of 28133 MKD Million in the fourth quarter of 2019 and a record low of 11939 MKD Million in the first quarter of 2003. This page provides - Macedonia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Government Spending - values, historical data and charts - was last updated on September of 2020.

Government Spending in Macedonia is expected to be 24742.00 MKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Macedonia to stand at 27920.00 in 12 months time. In the long-term, the Macedonia Government Spending is projected to trend around 28376.00 MKD Million in 2021 and 29142.00 MKD Million in 2022, according to our econometric models.

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Macedonia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
27836.00 26898.00 28133.00 11939.00 2003 - 2020 MKD Million Quarterly
Current Prices, NSA

Macedonia Government Last Previous Highest Lowest Unit
Government Debt to GDP 40.70 39.50 57.20 20.50 percent [+]
Government Budget -1.80 -2.70 2.40 -13.40 percent of GDP [+]
Government Budget Value -2848.00 -6137.00 4291.00 -11373.00 MKD Million [+]
Government Spending 27836.00 26898.00 28133.00 11939.00 MKD Million [+]
Government Revenues 14218.00 17896.00 20711.00 6756.00 MKD Million [+]
Government Debt 4344.40 4302.30 4344.40 1387.00 EUR Million [+]
Fiscal Expenditure 17066.00 24033.00 26878.00 6855.00 MKD Million [+]
Military Expenditure 109.00 112.00 370.00 102.00 USD Million [+]
Credit Rating 45.00 [+]


Macedonia Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.